Topic: Ownership Structures Selecting the Proper Business Form 3.1

Assignment: Selecting the Proper Business Form
Imagine that you are about to open a small business with your best friend as a partner. Now answer the Application Questions from the lesson presentation. Based on your answers, what is the best business structure for your small business? Summarize in a 3-page paper for grading.
Deliverables
A 3-page paper after asking yourself 21 questions that help determine the best business structure for your hypothetical start-up
Activity Details
Perform the following steps:

Step 1: Read and answer the Application Questions located in the Pearson eText in the External Tools area: Assignment 3.1
Application Questions from Davidson, D.V., & Forsythe, L.M. (2011). The Entrepreneur’s Legal Companion. (pp. 56-57). Upper Saddle River, NJ: Prentice Hall .

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Step 2: Determine the best business structure for your hypothetical small business.
Based on your answers to the previous 21 questions, decide which is the best form of business ownership for your small business. Consider the attributes listed on Table 3.1 (pp. 35- 38) to help you make your decision.

Step 3: Write a 3-page paper summarizing your analysis.
Write a clear, cohesive, and concise paper that systematically evaluates why your chose the business structure you did and why it is better than other forms for your particular business and situation.

Step 4: Save and submit your assignment.
When you have completed the assignment, save a copy for yourself in an easily accessible location and submit a copy to your instructor below using the Submit Paper link.

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